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Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Taylor Computing, Inc. Enter the transactions in the accounting equation,
Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Taylor Computing, Inc. Enter the transactions in the accounting equation, beginning with transaction "a." For transactions that affect stockholders' equity, select the type of equity transaction. For transaction "g", enter the amounts into the accounting equation as one transaction. After all transactions have been entered, calculate the ending balange of each account, total assets, and total liabilities and stockholders' equity. (Use parentheses or a minus sign when decreasing accounts. If an input field is not used in the table leave the field empty; do not enter a zero.) Cash Ball 2,300 (a) Accounts Assets + Receivable + Supplies + Equipment 3,550 = 12,500- Liabilities Accounts Stockholders' Equity Common Retained Type of Equity Earnings Transaction 6,100 4,150 Payable + Stock 8,100
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